Private Practice on the PRMS Blog

An insurance policy with PRMS provides our clients with peace of mind. And this June 28th, in honor of National Insurance Awareness Day, we asked the PRMS Insurance Services team to share a few of the most common questions they receive from clients – and just what’s so great about a PRMS insurance policy. What has been the most common question received by Insurance Services in ...

Contemplating a return to the office? As we begin to reemerge after enforced state-wide lockdowns and closures as a result of the COVID-19 pandemic, it is important for psychiatrists to be prepared as practices open back up and federal and state regulatory exceptions and waivers go away. And while we do not know what exactly will happen next, our Risk Managers have created a he ...

Starting or joining a private practice is an exciting time, but it can also be risky. An essential way to protect your professional reputation and reduce risk is to obtain comprehensive medical professional liability insurance. In this post I will address some important steps you can take to help create and maintain a successful practice. Build good relationships If you are ent ...

Doctors in every specialty today are wrestling with a key question: What is the price of independent practice, and is the price worth it? Increasingly, their answer is “The price is too high; I’m ready to sell.” A recent article in Medical Economics (free registration required) highlighted the issue: Independent Physician: 6 steps you can take to remain independent – for now (A ...

A guest blog by Remy Palumbo, Senior Underwriter Many of us have a tendency to purchase insurance and then set aside our policy hoping to never need it.  Of course sometimes “life happens” and as a result, there are times when you’ll want to provide the underwriter of your medical professional liability insurance carrier with updates.  A few of these include: 1) When your maili ...